Economic Development for Nevada's Sierra Region

Economic Development for Nevada’s Sierra Region

Joint Meeting of the Senate Committee on Revenue and Economic Development and the Assembly Committee on Taxation Nevada Legislature – February 12, 2019

Nevada domestic nonprofit corporation established in 1981 First Regional Development Authority (RDA) in the state State‐designated RDA for Nevada’s Sierra Region

VISION: A Prosperous, Resilient and Sustainable Economy for Northern Nevada MISSION: To influence, facilitate and support the ongoing growth and prosperity of the economic ecosystem of the Sierra Region of Nevada

The connector, navigator and problem solver between the Sierra Region’s business communities, government, and the many resources to support business growth

K2 Nevada’s Sierra Region Encompasses 4 counties Carson City Douglas County Lyon County Storey County Land mass: 3,196 mi2 Population: >161,000 3rd largest metropolitan area in Nevada  Carson City is home to

K3 Nevada’s Sierra Region Diverse set of industry sectors Manufacturing Construction Logistics Mining Information Technology Agriculture Health Care Aerospace Lake Tahoe surrounded by the Sierra Nevada Mountains Tourism, and many others and overlooking the Carson Valley (Photo Courtesy of Carson Valley Chamber of Commerce)

K4 Leverage & Maximize Upticks

Minimize & Mitigate Downturns

K5 Strategic Focus

Key Collaborations Governor’s Office of Economic Development (GOED) County and Local Governments Western Nevada College U.S. Commercial Service NNDA is the “go to” resource for businesses Connector – state and local government, site selection assistance, B2B resources, access to capital Navigator – state incentives, CDBG grants, state and county requirements Problem Solver – local permitting issues, OSHA disputes, obtaining/retaining air quality permits, finding/acquiring water rights, resolve utility issues, workforce training, resolving federal, state, and local regulatory issues, and lots more…. Copyright © 2019 by Northern Nevada Development Authority. All rights reserved. 6

K6 NNDA Achievements

Business Development since 2010:

Reduced industrial vacancy rate from 26% to <3% Developed a pipeline of 775+ companies Assisted over 100 relocating and expanding companies More than 5,000 new jobs Over $1.4 Billion in total Economic Impact

K8 Partnership with Western Nevada College (WNC)

 Institutional Advisory Council (IAC)  Chair – Rob Hooper  NNDA Partners/Council Members – Miles Construction, Carson Tahoe Health, The Micromanipulator Company, and American AVK

 Nevada System of Higher Education Western Nevada College  County School Districts

 R.O.A.D.S. Program

K9 Rail & Roads  Freight Rail  2018 Railroad Day on Capital Hill (March 7, 2018)  NDOT‐NNDA Rail Summit (August 21, 2018)  Blacklands Railroad . Black Gold Terminals Northern Nevada now at Northern Nevada Railport & Logistics Center in Fernley . Immediate $1 million investment in additional track and a locomotive Black Gold Terminals Ribbon Cutting August 23, 2019  USDOT BUILD Grants  Lyon County – 2019 (planned)  Douglas County – 2019 (planned)  City of Fernley – 2019 (planned)

K10 Freight Railroads: Integral to Trade, Logistics, and Infrastructure Nevada’s rail network spans 1,193 miles – the strength of our rail network is a huge asset in an increasingly global economy According to Business Roundtable™, international trade, including exports and imports, supports approximately 367,800 Nevada jobs Rail is the most efficient way of transporting freight over land – ability to move a ton of cargo about 479 miles on a single gallon of fuel (environment‐friendly) Industry has spent over $630 Billion in private capital on the national network, from 1980‐2017, improving safety and efficiency (40% of revenues) Utilizes technology daily to improve safety and efficiency (Lasers, Sensors, Sonar, Big Data, etc.) Private rail companies pay their own Fernley well‐positioned to become a multi‐model transportation center – within the ideal 1‐day truck way with little help from taxpayers transit range to the West Coast & 60,000,000 customers

K11 Money Matters  State Business & Workforce Incentives  NNDA Banking & Finance Committee  HUD Community Development Block Grants (CDBG)  Private Activity Bonds  SBA and USDA Guaranteed Loan Programs  Federal Opportunity Zones ‐ 4  EB‐5 Program

K12 Sierra Region Opportunity Zones

Storey County

Lyon County: Fernley

Carson City

Lyon County: Silver Springs and Stagecoach

K13 Getting Down to Business  Business Development  Black Gold Terminals – our 100th company assisted since 2010  32 active projects currently  3 company expansions in progress  Recruitment trip with NV Energy to CA Bay area – 5 prospects  Participated on five Polish Trade Missions who visited the Sierra Region  Ongoing Outreach to Resident Companies  Assisting 3 Entrepreneurs/Startups  NNDA Commercial Real Estate Committee

K14 Expanding Industrial Space  EPA Brownfields Grants – since 2015  Secured $1.8 Million in 3 grant awards: 3‐year grants @$600,000  Direct reinvestment into the land by late 2021 (less 10% admin costs)  1st Lyon‐Churchill – completed on schedule  Carson City‐Douglas – over 50% Phase 1 sites identified  2nd Lyon‐Churchill – began October 1, 2018  Brownfield to Sierra Region Certified Site: NNDA has EPA’s permission to use some of our grant funds for reuse planning to get

K15 Expanding Industrial Space  Sierra Region Certified Site Program  Developed by NNDA Construction & Design Committee  Turnkey properties for businesses wanting to move forward quickly  NevadaCertifiedSites.com Reno‐Carson Lumber Groundbreaking  5 sites approved & more in the queue May 9, 2019 . Carson City – 1 . Douglas County – 1 . Lyon County – 3 st Polaris Industries  Reno‐Carson Lumber built facility on 1 site Groundbreaking (Carson City) August 9, 2019  Polaris Industries (NYSE:PII) – Fortune 500 company building 475,000 sq ft distribution center on 4th site (Fernley)

K16 Connecting the Dots  Regional Coordination and Collaboration  Government Affairs  Pioneer Awards & Gala – Annual Recognition of Excellence and Innovation 5th Year  The Business Edge™ – Annual series of 10 November 7, 2019 business briefings which provide information, Atlantis Casino Reno issues and trends of interest to the northern PioneerAwards.com Nevada business community  Federal, State, County & Local Government Partners  Ongoing Tribal Outreach  Business Resources

K17 Where Do We Go from Here…

Continue to focus on Strategic Wheel

Explore innovative ways to spur and encourage rural entrepreneurship

Work with NDOT, Lyon County, and Fernley on feasibility of Fernley multi‐modal NNDA.org transportation center with freight rail core

K18 Economic Development…NNDA Style

NNDA’s values, vision and mission are reflected in its approach to Economic Development.

We measure our success less by the number of jobs, and more by how we are lifting up families.

For NNDA, Economic Development is not about “what is in it for me.” Rather, it is about the future of our children and our children’s children. It is about the future of our communities and Nevada’s Sierra Region!

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